Virginia & Ambinder, LLP, excels at providing the legal representation needed to ensure that trustees are undertaking collection efforts that meet the standard set forth in Prohibited Transaction Class Exemption 76-1. We are here to make sure trustees fulfill their fiduciary requirements and act in compliance with the law, and that the benefits of workers are collected properly.
Our New York City employee benefit contribution lawyers work with our clients to implement and administer state-of-the-art collection policies. We also work with independent qualified public accountants (IQPA) when an audit is needed in accordance with generally accepted auditing standards to see what payments are owed. When an employer has become delinquent in forwarding participant contributions and holds them commingled with its general assets, the employer will have engaged in a nonexempt prohibited transaction and we can hold them responsible and make sure corrective action is taken so these funds are deposited accordingly.
When legal action becomes necessary to recover delinquent contributions, our firm also knows how to utilize our expertise to go beyond the traditional federal lawsuit against the delinquent employer under ERISA. We are aggressive negotiators who seek to minimize the impact these actions have on the rest of the plan's participants.
Our clients also benefit from synergies with our other practice areas. Our expertise in surety, lien and prevailing wage laws ensures that our benefit fund clients utilize all possible weapons to recover delinquent contributions.
Delinquent Benefit Contributions Attorney Serving New York and New Jersey
Contact us today to discuss your needs and concerns during a free initial consultation. Our office hours are 8 a.m. to 6 p.m. weekdays. We accept weekend and late-evening appointments by prearrangement when necessary and convenient. Spanish and Polish language services are also available.
